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I think you have the wording wrong. Pink sheets stocks are a gamble. Blue chip stocks are an investment. Gambling on LLEG does not seem like a winning proposition to me (IMHO).
In your heart of hearts, do you really believe a 10Q and uplisting are forthcoming?
Why would you buy a stock that you really cannot sell due to no market? Is that a prudent investment?
EXACTLY
I think pigs will fly before Bart issues a 10Q (IMO).
Are these rhetorical questions? I think you know the answer. If LLEG issues a 10Q I'll be very shocked.
Laidlaw is no longer involved in the project. I think that is the main reason LLEG is not there (IMHO).
Why would Barty be at the ground breaking? LLEG is no longer part of the project and is fighting with Cate Street. Talk about an awkward moment if he shows up.
Welcome back from your hiatus. We've missed your eternal optimism.
Do you beleive that the lack of a 10Q by the end of October means the end for LLEG shareholders? Why is October 31 a magic date? Please elaborate.
How can you say with confidence that LLEG has $2.5M in working capital? First, Cate hasn't paid the balance due. Second, even when they do what makes you think this will become working capital? Isn't it possible that the money would be used to pay salaries and benefits for the many years of work put in by the LLEG management team on the Berlin Station project? Saying they have $2.5M in working capital is quite a leap of faith in my opinion.
You seem to have great analysis. Do you see this stock rising out of the ashes like a Phoenix or is this company DONE like so many other stinky pinkies?
I think this is the first time I have to disagree with you. Anybody doing serious research on LLEG (with their eyes wide open) could see that they had a very bad reputation and this was true before JE pointed it out. A law suit against JE won't change that.
Besides, what is the point of a law suit now? LLEG is finished in Berlin and their payout is coming. A lawsuit against JE would not do anybody any good. It would just be silly.
Nicely done (again)
I need to correct your statement. LLEG is not providing any consulting services on the Berlin project. They are out of the picture except for a final payment due to them from Cate Street. Their only involvement now is resolution and receipt of that final payment, period.
Your analysis is spot on in my opinion. It is a breath of fresh air on this board.
That is your opinion. Perhaps the company will experience great success. However, success for the company does not necessarily translate into success for the Shareholders. I personally think the Shareholders have been mistreated thus far.
I told you a long time ago that LLEG was no longer involved in the Berlin project. Thanks for confirming what I already said.
I hate to disagree with you, but LLEG did hire Waldron Engineering to do some engineering for the project. Don't you remember the dispute between Laidlaw and Waldron? Seems like LLEG has disputes with everyone they come into contact with.
Man you have great analysis. You and CTTC seem to be the best sources of information on this board.
Good questions. The only thing we know for sure is that the max payment due (in total) to LLEG is $2.5M for it's 50% share in LBB. It is unlikely that we'll ever know the other details that you are interested in.
Nice post. I agree 100%.
I'm not sure why there is confusion. LLEG owns 50% of LBB. Thus, LLEG will receive 50% of whatever payment LBB receives from Cate Street Capital. LLEG is hoping for $5M in total payments (sounds like they already received a small portion of this amount) and Cate Street does not agree. Thus, LLEG will get 50% of somewhere between $0 and $5M. It also sounds like it will go to arbitration as opposed to any law suit.
Thankfully he didn't buy any stock. I guess he didn't take your advise (just kidding).
Have you tried to sell any stock? I'm just wondering because it does not seem to have any market right now. Just curious. Do you know if anybody in Gorham got hurt by LLEG? I haven't heard any horror stories in Berlin (thankfully) but you never know if some locals may have been burned.
I thought there was a time when you were estimating a $60M to $75M payment for their equity interest in the project. My apologies if you never made those types of statements.
You are entitled to your opinion. My understanding is that LLEG paid significantly less than that amount for the asset. Some might take the approach that they did pretty well. That being said, I think the real winner on this project is Cate Street Capital. My understanding is that the 20 year PPA is quite lucrative for them.
Not yet. But I suspect that things will ramp up very quickly.
$5M (max)
Nice analysis
So much for the $75M payday. I told you it was closer to $5M.
You keep making the mistake of saying "once we get off the greys". There is no way of knowing if that will ever happen. You may believe it is inevitable but your belief is pure speculation at best. Nobody really knows and the outcome is not certain.
I think your estimate of $3.5 Million makes much more sense.
$3.5 Million is likely much more accurate then $70M. Come on man, let's be realistic.
Good one!
Some posters on this board as recently as last week said that LLEG will have a long term stake in the project as an operator/manager of the plant. I'm just pointing out that they were wrong. Thanks.
With all due respect you don't have a choice but to HOLD. There is no market. Also, don't you mean "IF" LLEG gets off the Greys?
I know, but that won't increase shareholder value. In case you haven't noticed, you can't sell the stock even if you wanted to do so. What is your long term take on LLEG stock? Buy or sell?
Who cares because it won't increase shareholder value. LLEG part in this project is now over. Hope all is well........Brungy.